David Rushman
David Rushman is a registered investment advisor at Washington Avenue Advisors, based in Lansing, MI, with 24 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, High Net Worth, Investment Management, Retirement Planning. Their firm serves 686 clients with $290M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Washington Avenue Advisors' (WAA) investment advisory fees are based on a percentage of the assets they manage for you. The exact percentage depends on the size of your portfolio, and the rate decreases as your portfolio grows. Here are the ranges:
- $0 - $500,000: 1.00% to 1.5%
- $500,001 - $2,000,000: 0.63% to 0.98%
- $2,000,001 - $3,000,000: 0.52% to 0.87%
- $3,000,001 - $4,000,000: 0.41% to 0.76%
- $4,000,001 - $5,000,000: 0.26% to 0.61%
- $5,000,001 and above: 0.11% to 0.36%
WAA may recommend independent portfolio managers and certain fee-based variable annuities for the management of certain client assets. Clients who decide to participate in these third-party advisor separately managed accounts (SMAs) and fee-based variable annuities may incur a fee for these services in addition to the advisory fee paid to WAA.
Location
1146 South Washington Avenue, Lansing, MI, 48910
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
David is the owner of Rushman Wealth Management LLC and sells various insurance products through different insurance companies. He also works as an independent contractor and project manager for Just Right Painters, LLC, dedicating about 10-20% of his time to construction projects.
Employment History
Current Registrations
Washington Avenue Advisors
Previous Registrations
Spc
Sigma Financial CorporationBroker
Securian Financial Services, INC.Broker
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.